Okay, to address both JR and bh: I was born in 1949 and began playing very late in 1965. My very first bass
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of only marginally improved quality compare to the bass JR is considering, came out of a WoolCo department store, along with k-mart the Wal-Mart of its era. (The only other bass this Wal-Mart
had was a plastic-encased Egmond.)
Trigger alert: long Geezer blather to follow:
IMO, instrument shopping when I was growing up was like that cornfield in the movie Field of Dreams; it was heaven. For me, even the advantages of today's online shopping don't compare. My hometown business district, within a roughly six square block area, had six music stores that sold guitars and basses, two really good pawn shops, and a third really good pawnshop just across the Red River not far from Barksdale Air Force Base. We had everything at our disposal, from absolute treasure to the veriest trash. The bona fide music stores had their contracts with Gibson, Fender, Magnatone, Vox, and they took used instruments in trade. The air base provided the inventory for the pawn shops, which is where the poor-quality Japanese basses usually were found.
Further out from downtown were neighborhood pawn shops, and the Sears Roebuck, where we could get Danelectro, Harmony, and Teisco.
Big box stores like K-Mart and WoolCo could get no contracts with Fender, et al, and therefore had to get bass product from U.S. importer distributors, most of which is what we refer to as "badged" instruments: from Japan with minor variations on a theme, with an adhesive name label or decal with names like Cameo, Decca, Norma, Teisco, ad infinitum stuck on the headstock. Mail-order houses like Sears, Spiegel, and Montgomery Ward had it a little better. They could contract with manufacturers of mid-level instruments.
Saturday morning was a weekly ritual. Me and my buddies would converge downtown and hit *all* the music stores and pawn shops. The guitar player on the left in the pic above learned how to play the guitar riff to the Beatles' "And Your Bird Can Sing" on a Kapa electric twelve-string (nailed it) and, emboldened by his success, proceeded to do the same thing with the waltz portion
of "Die Fleidermaus." In the pic, that guitarist is playing a Harmony/Silvertone obtained from Sears, I have my unbadged WoolCo bass (you can see how tall I was compared to the drummer, who is seated), and the guitarist on the right got his instrument mail order from Lafayette Electronics. So you see, we all wanted the Fenders and Gibsons but at first could afford only lesser instruments, including the Japanese imports.
Geezer blather off.